“Ethereum Caution Alert — Short Squeeze in Play”
A recent update reports ETH has surged past $4,200, triggering a wave of short liquidations amounting to over $200 million—a strong bullish indicator.
Resistance: $4,250–$4,300
Support: $4,100–$4,150
The alert advises caution: while the current upward momentum is strong, short squeezes can reverse quickly, so waiting for a pullback entry might be safer.
Additional Binance Square Alerts & Chart Setups:
Breakout Target Range
ETH recently broke past long-term resistance at $4,100. Next targets lie within $4,900–$5,378, with steeper resistance around $5,650. A retracement could find support in the $2,900–$3,200 range.
Outlook: Crash vs. Surge
ETH is in a pivotal moment—some analysts see the potential for a correction, while others aim as high as $7,000, about a 62% upside. Key short-term support: $4,100–$4,150; downside risks tied to broader U.S. macro developments.
Previous Range Alert
A couple of days ago, Binance flagged ETH consolidation between $3,500–$3,750, with asymmetrical triangle patterns and dynamic resistance around $4,000. A breakout either way could have triggered a substantial move.